!-- Google Tag Manager (noscript) -->

Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

march-in rights

Read a random definition: child-benefit theory

A quick definition of march-in rights:

March-in rights: A rule that allows the government to give someone else permission to use or take away the permission of the person who owns a patent for an invention that was paid for with government money, if the owner or their partner hasn't done enough to use or develop the invention within a reasonable amount of time.

A more thorough explanation:

Definition: March-in rights refer to the government's authority to grant a new license or revoke an existing license for a federally funded invention if the owner or licensee has not adequately developed or applied the invention within a reasonable time.

For example, if a company receives federal funding to develop a new drug but fails to bring it to market within a reasonable time, the government may exercise its march-in rights and grant a new license to another company to develop and market the drug.

March-in rights are intended to ensure that federally funded inventions are used for the public good and not solely for the benefit of the patent owner or licensee. They provide a mechanism for the government to intervene if the owner or licensee is not fulfilling their obligations to develop and apply the invention.

marchet | marchioness

Warning

Info

General

General chat about the legal profession.
main_chatroom
๐Ÿ‘ Chat vibe: 0 ๐Ÿ‘Ž
Help us make LSD better!
Tell us what's important to you
LSD+ is ad-free, with DMs, discounts, case briefs & more.